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John has decided to invest 50,000 in three types of funds. Fund A has projected an annual return of 8 percent, Fund B has projected an annual return of 10 percent, and Fund C has projected an annual return of 9 percent. He has decided to invest no more than 320 percent of the tota; amount in Fund B and no more than 40 percent of the total amount in Fund C. John has also decided to invest at least 20 percent of the total amount allocated in Funds B and C into Fund A.
Using Excel solver to solve problem and help John to determine the amount of investments John should allocate to each type of fund to optimize the total annual return.
Ho much should be allocated in fund C?
How much should be allocated in fund A?
What is the total annual return?
Please explain
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